Alibaba Group shares jumped by 3% on Tuesday as investors welcomed its inclusion on China’s mainland stock exchanges. This follows the e-commerce giant’s decision to […]
Tag: Alibaba
Alibaba Upgrades to Primary Hong Kong Listing: Unlocks Billions in New Investments from Mainland China
Alibaba’s shareholders have approved an important change to the company’s Hong Kong stock listing, upgrading it from a secondary to a primary listing. This change, […]
Michael Burry’s Q1’24 Portfolio Update: Major Moves and New Investments
Michael Burry has just filed a 13F for Q1 2024, updating his portfolio. He has significantly increased his Alibaba position by 66.6%, making it his […]
Alibaba’s Q1 2024 Revenue Surges 7% YoY to RMB221.87 Billion, Approves $4.0 Billion Dividend for FY24
Alibaba’s 4Q revenue reached 221.87 billion yuan, surpassing estimates of 219.79 billion yuan. The adjusted EBITDA for the same period was 30.81 billion yuan, exceeding […]
Alibaba Withdraws Cainiao IPO Application, Offers Proposal to Minority Shareholders
Alibaba ($BABA) has withdrawn its IPO application for Cainiao and intends to propose an offer to minority shareholders of Cainiao instead. Alibaba Group plans to […]
Alibaba Sold 33 Million XPeng Shares: Unveiling EV Market Dynamics and Growth Potential
Alibaba Group has recently sold a portion of its stake in XPeng Inc., a prominent Chinese electric vehicle (EV) manufacturer. The sale involved 33 million […]
Alibaba Commits Over $1 Billion Investment in South Korea Expansion
Alibaba Group intends to invest $1.1 billion in South Korea over the next three years, as reported by the South Korean news agency Yonhap. The […]
Alibaba’s Futuristic 14-Seater Electric Fish Bus: Affordable, Eco-Friendly, and Uniquely Designed, but Faces Import Restrictions in the US
Alibaba, a prominent e-commerce platform, has unveiled a distinctive 14-seater electric bus with a whimsical fish-like design, attracting attention for its quirky aesthetic and budget-friendly […]
Alibaba’s $600 Million Gamble: Transformative Investments Propel MiniMax and Moonshot AI to a Collective Valuation of $2.5 Billion
Alibaba invested over $600 million in MiniMax, an AI startup, valuing it at $2.5 billion, showcasing a strategic commitment to emerging technologies. This investment reflects […]
Cloud Services Showdown: Alibaba and JD.com’s Price War in China’s Tech Arena
Alibaba and JD.com, major Chinese tech firms, are competing fiercely by cutting prices in the cloud services market. Alibaba reduced prices by up to 55% […]
Alibaba’s Subsidiary Taobao China Software to Sell 20% Stake in Suning.Com for $389 Million
Alibaba’s subsidiary, Taobao China Software, plans to sell its 20% stake in Suning.Com to Hangzhou Haoyue Enterprise Management for 2.8 billion yuan ($389 million). Suning.Com, […]